Dollar Corrects, Yen Slips, Rand Falls


The dollar corrected higher, rising against all its major counterparts, after Thursday's selloff. []

Japanese Prime Minister Shinzo Abe said the Bank of Japan should add employment to its existing mandate, and the yen slipped further against the dollar. [CNBC]

A disappointing U.K. industrial production report sent the British pound lower. []

The Chinese yuan closed near a record high after strong economic reports and indications that the central bank would tolerate the currency's appreciation. [CNBC]

Fitch downgraded South Africa's sovereign debt, and the rand fell. []

For currency hedge funds, the good times have stopped rolling. [WSJ]

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